MedSupp carriers that don't play well with GI

[tcianflone]

For years, the only carriers I wrote med supps with were United American (very big in SE Florida) and AARP/UHC (because, well, you have to). In the past couple of years I've got appointed with a couple of other carriers because of their rates in other states in which I'm licensed. My biggest mistake was not carefully reading their commissions policy on apps written as GI because of a move or Medicare Advantage plan termination. Humana Achieve was my first big disappointment. I had a client move to OK so I put him in a Humana Achieve supplement for a one-time commission of $26. My next big disappointment came with a referral in SC where Allstate is really competitive. Come to find out that for that one I get a whopping $19 one-time commission. Would you care to contribute to a list of med supp carriers that pay full commission for GI applications?

 

[goillini52]

For years, the only carriers I wrote med supps with were United American (very big in SE Florida) and AARP/UHC (because, well, you have to). In the past couple of years I've got appointed with a couple of other carriers because of their rates in other states in which I'm licensed. My biggest mistake was not carefully reading their commissions policy on apps written as GI because of a move or Medicare Advantage plan termination. Humana Achieve was my first big disappointment. I had a client move to OK so I put him in a Humana Achieve supplement for a one-time commission of $26. My next big disappointment came with a referral in SC where Allstate is really competitive. Come to find out that for that one I get a whopping $19 one-time commission. Would you care to contribute to a list of med supp carriers that pay full commission for GI applications?

It will be a very short list.

 

[somarco]

It will be a very short list.

and, it varies by state . . .

 

[billyb]

I had an 81 year old couple ask me about Cigna at church. The wife had shopped onlne and would buy if I couldn't take care of it. I checked into it and found out they couldn't buy a Plan G but they did buy a Plan F. They had a GI option because their FB MAPD was terminated. Very pricey and I won't make squat.

 

[tcianflone]

I had an 81 year old couple ask me about Cigna at church. The wife had shopped onlne and would buy if I couldn't take care of it. I checked into it and found out they couldn't buy a Plan G but they did buy a Plan F. They had a GI option because their FB MAPD was terminated. Very pricey and I won't make squat.

Exactly my situation! A terminated PPO in SC, Plan F was the only choice because of their age and GI, they paid the entire premium up front to lower their cost, and I made $19! But I also got the wife's MAPD, so at least I get paid on that. On the other hand, I'll get paid full tilt on all of my GI med supp business with United Amercan in Florida. I'm not complaining.

 

[goillini52]

I had an 81 year old couple ask me about Cigna at church. The wife had shopped onlne and would buy if I couldn't take care of it. I checked into it and found out they couldn't buy a Plan G but they did buy a Plan F. They had a GI option because their FB MAPD was terminated. Very pricey and I won't make squat.

We just had the same thing happen with Aetna. We also had to go with Plan F. ACE paid me a one time $25 commission per app..

 

[Fisher]

Note to self: Stay out of church.

 

[somarco]

FYI, several carriers (all??) will not offer G to someone who was eligible for Medicare prior to 2020 (when F was pulled).

It has been a few years, but I think I got Anthem to offer plan N on a GI basis. That was when Anthem was paying full comp on GI.

They stopped paying full comp on GI last year.

 

[rmhaire]

Note to self: Stay out of church.

And you obviously didn't think this one through.

Big churches have big parking lots.

And skateboarders love big parking lots.

 

[Evan]

Exactly my situation! A terminated PPO in SC, Plan F was the only choice because of their age and GI, they paid the entire premium up front to lower their cost, and I made $19! But I also got the wife's MAPD, so at least I get paid on that. On the other hand, I'll get paid full tilt on all of my GI med supp business with United Amercan in Florida. I'm not complaining.

United American will also allow GI into Plan G or Plan N-which is great.